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An important effort to re-introduce certain protections for the American people regarding the financial field has occurred in the Senate. This effort seeks to reinstall the Glass-Steagall protections which were wisely instituted in 1933 as a means of helping to control the kind of wide speculation on Wall Street which led to the Crash of 1929. The Glass-Steagall Act was repealed in 1999. This action has led to the same kind of irresponsible financial dealings which made the 1920's a giant casino, eventually creating the Great Depression of the 1930s. Read about the four heroic Senators representing both major political parties here:
Senators reintroduce bill with Glass/Steagall protections
An important effort to re-introduce certain protections for the American people regarding the financial field has occurred in the Senate. This effort seeks to reinstall the Glass-Steagall protections which were wisely instituted in 1933 as a means of helping to control the kind of wide speculation on Wall Street which led to the Crash of 1929. The Glass-Steagall Act was repealed in 1999. This action has led to the same kind of irresponsible financial dealings which made the 1920's a giant casino, eventually creating the Great Depression of the 1930s. Read about the four heroic Senators representing both major political parties here:
Senators reintroduce bill with Glass/Steagall protections
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